BCN 2010/16 Advance Notice of Amendments to National Instrument 24-101 Institutional Trade Matching and Settlement [BCN]

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Published: 2010-04-16

Related Documents

Document
CSA Notice of Amendments to NI 24-101
Implementation of Amendments to NI 24-101
Summary of Public Comments and CSA Responses on NI 24-101 and the Companion Policy
CSA Staff Report on Industry Compliance with NI 24-101
Revocation of BC Instrument 24-502 Extension of transitional phase-in period for NI 24-101 Institutional Trade Matching and Settlement

Concurrently Published

Document
24-101 24-101 Institutional Trade Matching and Settlement [NI Amendment Advance Notice - Lapsed]
24-101 24-101 Institutional Trade Matching and Settlement [NI Blackline Amendment Advance Notice - Lapsed]
24-101CP 24-101CP Institutional Trade Matching and Settlement [CP Amendment Advance Notice - Lapsed]
24-101CP 24-101CP Institutional Trade Matching and Settlement [CP Blackline Amendment Advance Notice - Lapsed]
24-101F1 24-101F1 Registered Firm Exception Report of Dap/Rap Trade Reporting and Matching [F Blackline Amendment Advance Notice - Lapsed]
24-101F2 24-101F2 Clearing Agency Quarterly Operations Report of Institutional Trade Reporting and Matching [F Blackline Amendment Advance Notice - Lapsed]
24-101F3 24-101F3 Matching Service Utility Notice of Operations [F Blackline Amendment Advance Notice - Lapsed]
24-101F4 24-101F4 Matching Service Utility Notice of Cessation Of Operations [F Blackline Amendment Advance Notice - Lapsed]
24-101F5 24-101F5 Matching Service Utility Quarterly Operations Report of Institutional Trade Reporting and Matching [F Blackline Amendment Advance Notice - Lapsed]
24-502 24-502 Extension of Transitional Phase-In Period in National Instrument 24-101 Institutional Trade Matching and Settlement [BCI Amendment Advance Notice - Lapsed]

In the attached advance notice, the Canadian Securities Administrators announce that they expect to implement amendments to National Instrument 24-101 Institutional Trade Matching and Settlement, and its related companion policy and forms, subject to ministerial consent.

The amendments indefinitely defer the midnight on T requirement for institutional trade matching. They maintain the current requirement to match institutional trades by no later than noon on the business day following trade date (noon on T+1).

The CSA is also amending the documentation requirement, the provisions governing non-western hemisphere client trades and certain definitions and other provisions. The amendments will be effective July 1, 2010.

Questions
You may refer questions to:

Mark Wang
Manager, Legal Services
British Columbia Securities Commission
(604) 899-6658
(800) 373-6393 (toll free across Canada)
mwang@bcsc.bc.ca


April 16, 2010


Brenda M. Leong
Chair and Chief Executive Officer

Ref:National Instrument 24-101 Institutional Trade Matching and Settlement

This Notice may refer to other documents. These documents can be found at the B.C. Securities Commission public website at www.bcsc.bc.ca in the section Securities Law & Policy: Policies & Instruments.